Philippines Dental Consumables Market Report 2023 to 2030

Philippines Dental Consumables Market Analysis

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The Philippines Dental Consumables Market was valued at $74.4 Mn in 2023 and is projected to grow at a CAGR of 8.5% from 2023 to 2023, to $131.6 Mn by 2030. The key drivers of this industry growing dental care needs, technological advancements, expanding dental infrastructure, increasing disposable incomes, public health initiatives, dental tourism, rising consumption of sugary and starchy foods, rise in unhealthy eating habits due to rising urbanization, and changing living standards. The industry is primarily dominated by players such as Dentsply Sirona, 3M, Johnsons & Johnsons, GC Corporation, Henry Schein among others.

ID: IN10PHMD016 CATEGORY: Medical Devices GEOGRAPHY: Phillipines AUTHOR: Mahima Reddy

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Philippines Dental Consumables Market Executive Summary

The Philippines Dental Consumables Market is at around $74.4 Mn in 2023 and is projected to reach $131.6 Mn in 2030, exhibiting a CAGR of 8.5% during the forecast period 2023-2030.

Dental consumables refer to a wide range of products and materials that are used in dental practices and procedures. These consumables are essential for providing dental care and treatment to patients. Dental consumables play a pivotal role in ensuring the delivery of high-quality care and promoting optimal oral health for patients. These consumables encompass a diverse range of products and materials that are integral to various aspects of dental practice, from routine examinations and preventive care to complex restorative and surgical procedures. At the forefront of dental consumables are the instruments and hand tools that dentists and hygienists rely on daily. Dental consumables are a broad range of products and materials used in dental practices for various purposes related to oral health care. They include dental instruments like mirrors, probes, and scalers for examination and cleaning; dental materials such as composites, cements, and impression materials for restorative treatments and fabricating dental appliances; preventive products like floss, brushes, and fluoride agents for promoting oral hygiene and cavity prevention; disposables like bibs, suction tips, and gloves for infection control; restorative materials like crowns, bridges, and implants for replacing missing teeth; and pharmaceuticals like anaesthetics, antibiotics, and analgesics for pain management and treating infections. These consumables are indispensable tools in modern dentistry, enabling dentists to diagnose and treat dental issues, restore tooth structure and function, maintain oral health, ensure patient comfort and safety, and provide comprehensive dental care to patients of all ages.

In Philippines the prevalence of dental caries among Filipinos is 87.4%, untreated dental caries is more than 90%, prevalence of periodontal disease: 48.3%, prevalence of edentulism in people 20+ years is around 7.5%. The market therefore is driven by significant factors like growing dental care needs, technological advancements, expanding dental infrastructure, increasing disposable incomes, public health initiatives, dental tourism, rising consumption of sugary and starchy foods, rise in unhealthy eating habits due to rising urbanization, changing living standards etc.

The industry is primarily dominated by players such as Dentsply Sirona, 3M, Johnsons & Johnsons, GC Corporation, Henry Schein, Ivoclar Vivadent among others.

Market Dynamics

Market Drivers

Dental tourism growth: The Philippines is becoming increasingly popular for dental tourism, especially among overseas Filipino workers and expatriates, driving demand for high-quality dental consumables.

Expansion of dental clinics: The number of dental clinics and practices in the Philippines is growing, particularly in urban areas, increasing the demand for dental consumables.

Rising prevalence of diabetes: In Indonesia the prevalence of dental caries among Filipinos is 87.4%, untreated dental caries is more than 90%, prevalence of periodontal disease: 48.3%, prevalence of edentulism in people 20+ years is around 7.5%. The increasing incidence of dental problem in the Philippines is linked to driving demand for related dental treatments and consumables.

Market Restraints

Preference for herbal remedies: Many Filipinos, especially in rural areas, prefer traditional herbal remedies for dental issues, limiting the adoption of modern dental consumables.

Brain drains of dental professionals: Many Filipino dentists choose to work abroad, leading to a shortage of experienced professionals to drive innovation and demand in the local market, limiting the growth of dental consumables market.

Limited cold chain infrastructure: The Philippines' archipelagic geography and limited cold chain capabilities pose challenges for the distribution and storage of temperature-sensitive dental consumables. Limiting both access of dental consumables and its growth rate.

Regulatory Landscape and Reimbursement Scenario

The regulatory body for dental services in the Philippines is the Professional Regulation Commission (PRC) under the Board of Dentistry. The PRC is responsible for the registration, licensure, and regulation of dental professionals in the country. The Board of Dentistry, which is under the PRC, sets standards and guidelines for dental education and practice and also conducts exams for dental practitioners. The Professional Regulatory Board of Dentistry has the authority to enact a Code of Ethics and a Code of Practice for the practice of dentistry, dental hygiene, and dental technology. The Philippine Dental Association, Inc. presented the Board with a draught copy of "Proposed Amendments to the Philippine Code of Dental Ethics" for review. The Board pondered on the provisions of the abovementioned draught and improved them before accepting and incorporating them into its rules and regulations.

The Dental Council, also known as the Professional Regulatory Board of Dentistry, is responsible for regulating the practice of dentistry, dental hygiene, and dental technology in the Philippines. The Board is composed of a chairman and four members who are appointed by the President of the Philippines from a list of nominees submitted by the Accredited Professional Organization. The Board's powers and functions include, promulgating, administering, and enforcing rules and regulations necessary for carrying out the provisions of the Dental Law, adopting or recommending measures for the advancement of the profession and the vigorous enforcement of the Dental Law, ensuring that all educational institutions offering dentistry, dental hygiene, and dental technology comply with the policies, standards, and requirements of the course prescribed by the Commission on Higher Education (CHED) or Technical Education and Skills Development Authority (TESDA), supervising and regulating the registration, licensure, and practice of dentistry, dental hygiene, and dental technology in the Philippines, prescribing and/or adopting a Code of Ethics and a Code of Dental Practice for the practice of dentistry, dental hygiene, and dental technology also prescribing guidelines and criteria for the Continuing Professional Education (CPE) program for dentistry, dental hygiene, and dental technology.

In the Philippines, dental treatments are usually paid for out-of-pocket by patients. There are some health insurance plans that cover dental treatments, but they are not as common as those that cover medical treatments. Some companies and organizations may also provide dental insurance for their employees as part of their benefits package. However, the Philippine Health Insurance Corporation (PhilHealth) does offer limited coverage for dental treatments for certain conditions such as Oral Cancer, and for certain procedures such as extraction and fillings. However, coverage is limited and not all procedures are covered.

Competitive Landscape

Key Players

Here are some of the major key players in the Philippines Dental Consumables Market:

Dentsply Sirona
Straumann Holding
3M
GC Corporation
Ivoclar Vivadent
Johnsons & Johnsons
Colgate Palmolive
Henry Schein, Inc.
Danaher Corporation
Zimmer Biomet

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Philippines Dental Consumables Market Segmentation

By Product

Dental Implants
Dental Prosthetics
Endodontics
Orthodontics
Periodontics
Retail Dental Care Essentials
Other Dental Consumables

By End User

Dental Hospitals and Clinic
Dental Laboratory
Others

By Material

Metals
Polymers
Ceramics
Biomaterials
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.